Skip to main content

(EST-3698) Construction Cranes Parametric Cost Estimating

In order to receive proof of CEU credits, you must watch this presentation in its entirety and complete the survey.

Level: Intermediate
TCM Section(s):
7.3. Cost Estimating and Budgeting
7.5. Value Analysis and Engineering
Venue: 2021 AACE International Conference & Expo

Abstract: Nowadays, there are several methodologies to estimate construction equipment costs, largely developed by manufacturers. These provided an adequate evaluation to determine economically between to rent equipment or to utilize own equipment.

This paper presents new approach of the estimating methodology to calculate owning costs and operating costs of large cranes and other load hoist equipment utilized in construction and assembly of industrial facilities projects in compliance with Brazilian legislation.

This methodology has been based in international parameters to calculate operational costs such as maintenance costs to achieve the lowest possible cost per hour to ensure the top machine performance and efficiency. Through researched information, and the parameters set, it was observed the relevance of the results associated with the mechanical availability and operational efficiency of each type of cranes.

In despite to owning costs of cranes, the crane depreciation method utilized, is based on various factors: the long lifetime, the market conditions, brand reputation and general conditions of intended use.

So, these final results were gone compared with those available in the rental market, excepting mark-up.